Most people fail because

Most people fail because they believe in fairytales that trading is the infinite source of money available to everyone without proper background, knowledge and skills. Surely, such a conception is far from being true as trading requires lots of patience, efforts and motivation. It is something like answering the question of why the most of writers fail to be famous and well-paid. Because not all of them are ready to live in poverty before the learn how to write cool things and attract publishing houses. Trading is quite the same: only the strongest can stick it out and get to the bottom of everything which happens on the market. They accept the challenges of the market every day and they are ready to overcome the hurdles on their ways. If you think that you can come to trading and start making good decent profits immediately, you'd better go to casino and leave the money there. At least, you'll derive some pleasure from it.

most people fail because to having same reason , its very true fact and human common nature , when you do same mistake again and again then remember its not a mistake its a own choice.

i failed in my trading career due to emotions so many times, it causes a huge loss. actually i think there is no one who can control emotions for all time.

croisssan posted:
Oftentimes, the cause is undue risk. This, too, should not be ruled out, many make such mistakes.

Most traders fail in this market because of their minimum knowledge and skills.

Many factors determine whether a trader will be profitable or not. Some of the most common factors include discipline, effective strategies, and risk management. Many traders do not have one or more of these factors, and this is why most fail in forex.

during corvid 19 so many traders come into this market place and most of them are beginner's , they tried to bring some amount from this trading place but failed at the end of the day.

I think most traders fail due to lack of knowledge and because of their urge of making quick profits.

I have noticed more and more beginners signing up on other forums. It's good that there is a lot of interest in trading, but I can't help but assume that many of them are trying to rush into it without the knowledge that comes with it. I've also seen a lot of posts saying that they are trying to make money quickly, which never works in this market without the proper knowledge or time investment.

There are a lot of factors that could be the reason for failure but the main reason according to me is less knowledge. If you start trading without enough knowledge you are going to make losses and that too continuously sometimes. But if someone enters trading after learning and practising, trading would be comparatively easy and profitable.

Most people enter trading in the lure of big money. There is a misconception among some of them that to get that big money profits you have to risk big. But the actual way of making big money is earning small and well planned profits consistently. Taking huge risks should be completely avoided and you can simply save your losses through proper risk management. But this greed of quick money becomes the reason for failure for many.

Trading without knowledge is like walking in the dark. You don't know what your risks are and you don't see any dangers which await you on your way. Knowledge is a kind of a lantern which shows you where and how you should go and which way to behave.

One of the main reasons I believe most individuals fail is because they give up. Trading is a long process that takes a great deal of motivation and consistency. Those who give up and lose interest will fail.

essencejo posted:
One of the main reasons I believe most individuals fail is because they give up. Trading is a long process that takes a great deal of motivation and consistency. Those who give up and lose interest will fail.

That is quite a valid reason you have put forward. I think forex trading is very sensitive and a single small mistake can result in losing the trade.

Most traders fail because they don’t have a strong mind to accept and to adapt. There are no real rules of trading. You build them for yourself. If you are not able to be disciplined and stick to your trading plan, you will obviously fail because without having a path to move ahead, you will get lost in the forex market.

The most typical causes of failure are overconfidence and greed. People frequently allow their desire to earn more and more to take control of their decision-making abilities.

The most people fail because risks isn't calculated correctly.

In forex trading, most people fail because they don't know when to exit their trade. They continue to trade a losing position instead of getting out of it.
A lot of traders believe that it's better to wait until the last minute before taking a position. This is a very risky way to trade because you may end up getting stopped out with no profit at all.